CHARLOTTE, N.C., March 8, 2012 /PRNewswire/ -- The Board of
Directors of Piedmont Natural Gas (NYSE: PNY) today approved an
increase in the Company's dividend for the 34th consecutive year.
At its regularly scheduled meeting, the Board declared a quarterly
dividend on Common Stock of 30 cents
per share, a 3.4 percent increase over the previous quarterly
dividend of 29 cents per share. The
increased dividend is payable April 13,
2012, to shareholders of record at the close of business on
March 23, 2012. Also, at today's
Annual Meeting of Shareholders, four members of the Board of
Directors were re-elected: E. James
Burton, John W. Harris,
Aubrey B. Harwell, Jr., and
David E. Shi.
Conference Call
Piedmont Natural Gas will conduct its 2012 first quarter
conference call, broadcast live over the internet on Monday, March 12, 2012 at 11:00 a.m. Eastern Time. Hosting the conference
call will be Chairman, President and Chief Executive Officer
Thomas E. Skains. Simply log on to
the web at www.piedmontng.com and click on Investors, then on
Presentations. The conference call will be archived on the
website.
About Piedmont Natural Gas
Piedmont Natural Gas (NYSE: PNY) is an energy services company
primarily engaged in the distribution of natural gas to more than
one million residential, commercial and industrial utility
customers in North Carolina,
South Carolina and Tennessee, including 53,000 customers served
by municipalities who are wholesale customers. Our subsidiaries are
invested in joint venture, energy-related businesses, including
unregulated retail natural gas marketing, interstate natural gas
storage and intrastate natural gas transportation. More information
about Piedmont Natural Gas is available on the internet at
http://www.piedmontng.com.
SOURCE Piedmont Natural Gas